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Upper Lachlan Shire

Gross Regional Product

Upper Lachlan Shire’s Gross Regional Product was $0.28 billion in the year ending June 2016, growing 1.6% since the previous year.

Headline Gross Regional Product (GRP) is a measure of size or net wealth generated by the local economy. Changes in this figure over time can represent changes in employment, productivity or the types of industries in the area.

Local Industry GRP shows the value of the local economy, generated by the local workers within the area regardless of where they live, after taxes and dividends leave the area. It is best thought of as GRP produced by local industries.

Local Residents GRP refers to the economic output of the residents of the area regardless of where they work. It is best thought of as the income received by people in the Region. If the Residents GRP is high relative to the Local Industry GRP, this indicates that residents are contributing their economic productivity to other areas (most likely commuting out).

To understand the relative size of these measures and reasons behind the differences, GRP data should be viewed in conjunction with Jobs to workers ratio and Employment self-containment datasets. To understand the main contributors to GRP, this dataset should be viewed in conjunction with industry Value added.

National Economics (NIEIR) - Modelled series

Upper Lachlan Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2016280+1.62253390.66
2015275-1.02183280.67
2014278-3.72193230.68
201328902183170.69
2012289+0.62223170.70
2011287+9.92203100.71
2010261+1.42042900.70
2009258+10.01992830.70
2008234+2.42012850.70
2007229-6.01882670.70
2006243+2.81862650.70
2005237+5.31792600.69
2004225+2.01652470.67
2003220-7.31602430.66
2002238+1.61562410.65
2001234--1612470.65

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Upper Lachlan Shire - Gross Regional Product
Upper Lachlan Shire - Gross Regional Product 2001, Resident GRP: 247 million 2002, Resident GRP: 241 million 2003, Resident GRP: 243 million 2004, Resident GRP: 247 million 2005, Resident GRP: 260 million 2006, Resident GRP: 265 million 2007, Resident GRP: 267 million 2008, Resident GRP: 285 million 2009, Resident GRP: 283 million 2010, Resident GRP: 290 million 2011, Resident GRP: 310 million 2012, Resident GRP: 317 million 2013, Resident GRP: 317 million 2014, Resident GRP: 323 million 2015, Resident GRP: 328 million 2016, Resident GRP: 339 million 2001, Industry GRP: 161 million 2002, Industry GRP: 156 million 2003, Industry GRP: 160 million 2004, Industry GRP: 165 million 2005, Industry GRP: 179 million 2006, Industry GRP: 186 million 2007, Industry GRP: 188 million 2008, Industry GRP: 201 million 2009, Industry GRP: 199 million 2010, Industry GRP: 204 million 2011, Industry GRP: 220 million 2012, Industry GRP: 222 million 2013, Industry GRP: 218 million 2014, Industry GRP: 219 million 2015, Industry GRP: 218 million 2016, Industry GRP: 225 million 2001, Headline GRP: 234 million 2002, Headline GRP: 238 million 2003, Headline GRP: 220 million 2004, Headline GRP: 225 million 2005, Headline GRP: 237 million 2006, Headline GRP: 243 million 2007, Headline GRP: 229 million 2008, Headline GRP: 234 million 2009, Headline GRP: 258 million 2010, Headline GRP: 261 million 2011, Headline GRP: 287 million 2012, Headline GRP: 289 million 2013, Headline GRP: 289 million 2014, Headline GRP: 278 million 2015, Headline GRP: 275 million 2016, Headline GRP: 280 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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